Morocco's new government gains confidence and pension hike planned
The Moroccan Parliament's House of Representatives approved the government's program led by Fatima Zahra Al Manṣouri, Coordinator of the Authenticity and Modernity Party, with a majority of 204 votes to 127, allowing for the official formation of the government according to the constitution. The government committed to gradually increasing the minimum retirement pension to 3,000 dirhams (approximately $306) and reducing annual inflation to less than 2% to protect citizens' purchasing power. Additionally, a comprehensive pension reform will be launched, focusing on improving retirement age, contribution rates, and pension calculations. This approval comes after the September 23 elections and is a vital step towards implementing the government's programs in economic and social sectors.
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